Early Careers: Actuarial Specialist
About the role
Aon is offering early career opportunities in actuarial consulting across the United States in a hybrid environment. The Early Careers Development program, called 'Launch,' is designed to help colleagues become future leaders.
Responsibilities
- Crafting projections (both stochastic and deterministic) of long-term financial information for pension and other post-retirement benefit plans.
- Coordination of asset-liability analysis and other studies with investment consultants.
- Merger and acquisition “due diligence” and related activities.
- Design and costing of new retirement programs.
- Pension benefit calculations for participants.
- Union negotiation support and analysis.
- Quantitative comparison of comprehensive employee benefit programs for groups of employers.
- Evaluation of plan design and costs relative to benchmarks and rate-setting for self-insured plans, including the analysis of medical and prescription drug network changes.
- Employee contribution rate development and scenario analysis, analysis of plan renewals for appropriateness and carrier bid financial evaluations.
- Valuation of retiree medical and disability plans.
- Assessing exposure to P&C risk by loss forecasting for budgeting and risk management strategy evaluation, calculating actuarial reserves for financial statement support, providing actuarial opinions for regulatory support, and evaluating total cost of risk for effective solutions.
- Data management, loss forecasting, accruals, self-insurance analysis and cash flow analysis.
- Preparing and maintaining effective documentation of client correspondence.
- Inventory and handle data related to analysis of reinsurance transactions and analyze the costs and benefits of risk transferred under reinsurance agreements via pricing analysis and dynamic risk modeling.
- Prepare client-ready presentations to communicate analysis results to brokers and clients.
- Take the initiative on internal projects to improve processes, products or services.
Requirements
Applicants should graduate between Spring 2025 to Spring 2026 and have a GPA of 3.0 or above with a concentration in actuarial science, statistics or a related field. Preference is given to those who have passed at least one actuarial exam.
Qualifications
Skills and experience that will lead to success include being a collaborator, insightful analyzer, problem solver, excellent teammate, effective communicator, relationship builder, and future leader. They come to Aon with varying experiences, backgrounds, and strengths and help us offer the most innovative solutions to our clients.
Skills
Effective communication, strong analytical and problem-solving skills, keen to identify problems and draft solutions, outstanding interpersonal skills, ability to work optimally in a team environment, proven research skills, knowledge of Microsoft Office products, and financial savvy.
Benefits
Aon offers a comprehensive package of benefits for full-time and regular part-time colleagues, including a 401(k) savings plan with employer contributions, an employee stock purchase plan, and various types of leaves of absence, paid time off, including 12 paid holidays throughout the calendar year, 15 days of paid vacation per year, paid sick leave as provided under state and local paid sick leave laws, short-term disability and optional long-term disability, health savings account, health care and dependent care reimbursement accounts, employee and dependent life insurance and supplemental life and AD&D insurance; optional personal insurance policies, adoption assistance, tuition assistance, commuter benefits, and an employee assistance program that includes free counseling sessions.
Pay
The salary range for this position (intended for U.S. applicants) is $68,000 - $90,000 annually. The actual salary will vary based on applicant’s education, experience, skills, and abilities, as well as internal equity and alignment with market data.
Schedule
Aon offers a flexible schedule, allowing work from the office and remotely.